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Determining what your Social Security benefit will be
It can be daunting, trying to figure out when to start your Social Security benefits. Although 62 is the most common age that people apply, there is a lot to be gained by understanding how much your benefit will be reduced at that age. And there is also a lot to be gained by waiting until you are older. This Seeking Alpha Social Security article from Colorado Wealth Management features an easy-to-understand chart that illustrates what you will lose by claiming early, and what you stand to gain by waiting. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
